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Simple English definitions for legal terms
rentage
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A quick definition of rentage:
Term: RENTAGE
Definition: Rentage means renting or rental. It's when you pay money to use something that belongs to someone else for a certain amount of time. For example, you might pay rentage to live in a house or apartment that belongs to someone else.
A more thorough explanation:
Definition: Rentage refers to the act of renting or the amount paid for renting something.
Example 1: The rentage for the apartment was $1000 per month.
Example 2: The rentage for the car was $50 per day.
These examples illustrate how rentage is used to refer to the amount paid for renting something. In example 1, the rentage is the monthly amount paid for renting an apartment. In example 2, the rentage is the daily amount paid for renting a car.